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1. Investment Seminar in Riyadh, Saudi Arabia, 17th April, 2018

Pakistan Investment Seminar was held at the venue of Riyadh Chamber of Commerce & Industries, Riyadh KSA. The MoS/Chairman BoI participated and invited the Saudi investors for taking the advantage of lucrative investment opportunities existing in different sectors of national economy and said that BoI would offer all kind of facilitation to them.

He informed that GoP is committed to make Pakistan a business friendly country. Foreign investment in Pakistan is protected by rigorous laws and foreign direct investment regulations allow full repatriation of capital and profits. It was apprised that Pakistan’s location on the cusp of important economic regions, young population and skilled labour force supported by very rapidly growing technology infrastructure made Pakistan is a very attractive destination for investment not only for domestic market but also as a production and export hub for rest of the world.

He said that with improved security and a sustained economic turnaround Pakistan was open for business, adding that Saudi Arabia with its historical business and economic linkages and the high regard that it enjoyed in Pakistan was best placed to avail of the emerging potential and opportunities.

He informed that number of mobile phone holders in Pakistan increased by 100 times and number of bank account holders is expected to increase 8 times to 80 percent of eligible population in 3 years. The business environment was also helped by vast improvement in security situation in last three years. He identified through facilitation and incentive measures including one window operation and Special Economic Zones Saudi Arabian companies will find Pakistan a hospitable investment destination. 

 

2. Meeting To Resolve Problems Faced By Japanese Businessmen In Boi Karachi, 30th March, 2018

On the directions of the Prime Minister’s Office, Board of Investment (BoI) hosted a meeting to discuss the issues faced by Japanese investors in Pakistan on 30th March, 2018 at BoI office in Karachi.

In addition to the major Japanese companies in Pakistan, representatives from the Japanese Consulate in Pakistan, Pakistan Japan Business Forum, Japan External Trade Organization (JETRO) and Japan International Co-operation Agency (JICA) participated in the meeting. The Private Secror companies were represented by  Ajinomoto Lakson Pakistan(Pvt)Ltd, Indus Motor Company Limited , Itochu Corporation, Marubeni Corporation, MID Pakistan Coil Center (Private) Limited, Mitsubishi Corporation, Mitsui and Co., Ltd., Nippon Express (South Asia & Oceania) Pte. Ltd., Sumitomo Corporation Asia & Oceania Pte. Ltd., Pak Suzuki Motor Company Limited, The Bank of Tokyo-Mitsubishi UFJ Ltd. and Yamaha Motor Pakistan (Pvt.) Ltd. 

It was highlighted during the meeting that BoI, under the administrative control of Prime Minister’s Office, acts as focal point of contact for prospective investors, both domestic and foreign, to provide them with all necessary information and assistance in coordinating with other Government Departments/Agencies. The Government of Pakistan is very serious in attracting and protecting FDI. It was appreciated that Japanese companies have been successfully operating in Pakistan for more than 5 decades. Cognizant of the fact that Japanese firms are contributing to the economy of Pakistan, BoI decided to come to Japanese companies based in Karachi to appreciate their work and help resolve their issues, if any. The Japanese firms were assured that BoI will try to address their issues and where possible send the recommendations to the Prime Minister for policy making and necessary directions to the concerned authorities.  The representatives of Japanese companies, Pakistan Japan Business Forum as well as Japanese public sector organization appreciated proactive steps taken by the Government of Pakistan by approaching the investors at their door step.

 

3. Investment Forum in Paris, France, 28th March, 2018

Pakistan Investment Forum successfully concluded in Paris.  Mr. Naeem Y. Zamindar, Minister of State and Chairman Board of Investment Pakistan led a 17-member Pakistani business delegation to the Pakistan Investment Forum held in Paris.

The Forum jointly organized by Pakistan Board of Investment, Embassy of Pakistan to France and Mouvement des Entreprises de France (MEDEF) was chaired by Chairman BoI and Mr. Thierry Pflimlin, President Pakistan-France Business Council. Presentation were made by the representatives of Punjab & KP Investment Boards about business and investment opportunities in their provinces. A large number of major French companies including Renault, Total, Suez, GE, Gemalto, Vinci, Credit Agricole, Surys and Engie attended the event. 

While addressing the opening session of the Forum, Chairman BOI said that Pakistan with its 207 million strong consumer base, growing economy and skilled workforce offers an excellent opportunity to the French companies for investment. He invited them to benefit from Pakistan’s lucrative and liberal investment policies. He assured them Government’s full support and facilitation for their investments in Pakistan.

Mr. Moin ul Haque the Ambassador of Pakistan to France, said that Pakistan’s economy was going through a transformation with large scale infrastructure development and connectivity projects being undertaken under CPEC. He said it is high time for French companies to explore Pakistan, which is fast becoming a regional hub for trade and business. 

Mr. Thierry Pflimlin, President France-Pakistan Business Council appreciated Government of Pakistan’s initiative to hold the Investment Forum in Paris. He recalled the visit of the French business delegation to Pakistan last year and noted that such interactions would strengthen the trade and investment relations between the two countries. Noting Pakistan’s impressive economic performance, he also urged France companies to invest in Pakistan.

Later, the representatives of the Pakistan business delegation held B2B meetings with their French counterparts in diverse fields such as infrastructure development, agri-products, energy, IT, pharmaceuticals, security equipment and water management.

 

4. Pakistan Kuwait Investment Conference 5th March, 2018

An Investment Conference was organized at Kuwait Chamber of Commerce & Industries, Kuwait. The MoS/Chairman BoI along with the Pakistani delegation participated in the conference. The Minister of state/Chairman Board of Investment invited the Kuwaiti investors for taking the advantage of lucrative investment opportunities existing in different sectors of national economy and said that BoI would offer all kind of facilitation to them.

He informed that GoP was committed to make Pakistan a business friendly country. Foreign investment in Pakistan is protected by rigorous laws and foreign direct investment regulations allow full repatriation of capital and profits. It was apprised that Pakistan’s location on the cusp of important economic regions, young population and skilled labour force supported by very rapidly growing technology infrastructure made Pakistan is a very attractive destination for investment not only for domestic market but also as a production and export hub for rest of the world. 

He said that with improved security and a sustained economic turnaround Pakistan was open for business, adding that Kuwait with its historical business and economic linkages and the high regard that it enjoyed in Pakistan was best placed to avail of the emerging potential and opportunities.

He informed that number of mobile phone holders in Pakistan increased by 100 times between 2003 to 2008 and number of bank account holders is expected to increase 8 times to 80 percent of eligible population in 3 years. The business environment was also helped by vast improvement in security situation in last three years. He identified through facilitation and incentive measures including one window operation and Special Economic Zones Kuwait’s companies will find Pakistan a hospitable investment destination.

Presentations were also given by the Chairperson Sindh Board of Investment, Naheed Memon, General Manager National Highway Authority, AzeemTahir, Additional Director Punjab Board of Investment & Trade, Rana Waqas, whereas the private sector held business to business meetings during the conference.

 

5. Pakistan launches a Project to Boost the Country's Global Competitiveness for Foreign Investment - 23rd Feb., 2018

Pakistan Board of Investment, in partnership with the International Finance Corporation and World Bank, and with the support from the United Kingdom government’s Prosperity Fund, launched a project to revive Pakistan’s global appeal as an attractive location for both local and foreign investment. The Pakistan Investment Climate Project aims to boost the country’s investment competitiveness. The project will support BOI to improve Pakistan’s investment policy and promotion strategy. It will also contribute to streamlining business regulation and creating opportunities for meaningful linkages between foreign and local firms in key sectors. 

Chairman BOI, Mr. Naeem Zamindar, spoke at length about how Pakistan’s economy stands at a crucial vantage point with the potential to grow at the rate over 9% , technology building momentum to lift the nation towards prosperity. For this, Pakistan must attract new investment which will help the country create jobs for its youth, as 65 percent of young and growing population and its aspiration.

 

6. Seminars on Ease of Doing Business in Pakistan

Enabling business environment plays a pivotal role in attracting domestic and foreign investment. The concept of Ease of Doing Business has gained unprecedented importance in the recent past. The Doing Business Index, started in 2003, basically measures how easy or difficult it is for a local entrepreneur to open and run a business when complying with relevant regulations. Pakistan started DB Reforms process in 2016. The DB Reform Strategy launched in 2016 encompasses a set of comprehensive reform actions at both the federal and provincial governments’ level.

Due to the reforms efforts by the federal and provincial Governments, Pakistan has improved its ranking from 148 out of 189 countries to 144th out of 190 economies for 2017 on the Word Bank’s Ease of Doing Business (EODB) Index. It was included among the ten countries, which were termed the most improved economies in 2015/16 in areas tracked by Doing Business. The Federal and Provincial Governments are continuously pursing the assigned targets for further streamlining, reducing the processes and time period involved in each business indicator. However, Pakistan’s ranking in some of the business indicators is not improving despite hectic efforts at each level.

In order to share the reforms taken and data recorded by the government departments with contributors of World Bank Doing Business report, business community, regulators and to apprise all relevant segments about various reforms and initiatives undertaken by the federal and provincial governments, BOI in collaboration with Prime Minister’s Performance Delivery Unit (PMDU) and Finance Division and Provincial Governments organized two a Seminar / Workshops one in Karachi and one in Lahore The seminars focused mainly on four business areas i-e getting construction permits, contract enforcement, starting a business and registering property.

The seminars were attended by government agencies, regulators, leading businessmen, consultancy, and law firms, existing and future contributors of the Doing Business Report.

 

7. Pakistan - France Business Council's Delegation to Pakistan from 04-07th April, 2017

Mr. Thierry Pflimlin, Chairman, France – Pakistan Business Council of MEDEF (French Business Confederation) International visited Islamabad and Karachi from 4 – 7th April, 2017. He led twenty two (22) members business delegation of prominent French companies such as Clauger, Credit Agricole Corporate and Investment Bank, Deltacom, Engie, Fondation Grameen Cedit, GE Hydro France, Gemalto, Oberthur Technologies, Olmix, Suez Groupe, Thales, T Invest and Total Marketing ET Services to explore trade and investment opportunities in Pakistan in various sectors like energy & environment, banking, agrifood, Information Technology, architecture and aerospace.

BoI organized Pak-France Invetment Forum on 05th April, 2017. Fifty five (55) prominent private and public sector representatives participated in the event relating to energy, banking, agriculture, infrastructure, aerospace and digital security. Apart from B2B meeting, BoI also arranged meetings of the French businessmen with honorable President of the Islamic Republic of Pakistan, Federal Ministers for Planning, Development & Reforms, Petroleum & Natural Resources, Commerce, National Food Security and Research, Chief Minister Sindh and State Bank of Pakistan.


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